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International Monetary Fund

China's Currency Manipulation: Flipping off America

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Earlier this year, the Obama administration asked China nicely to allow its currency value to float up naturally on international markets. China said it would. And then it didn't.

Pakistan Floods: They Are Not Over Yet

Saad Khan | Posted 05.25.2011 | World
Saad Khan

Compassion for Pakistan is still needed because the first phase of flooding is not over. The river floods are devastating but slow moving.

Golden Opportunity for Social Security

J. Bradley Jansen | Posted 05.25.2011 | Business
J. Bradley Jansen

Let's get some of our gold back from the International Monetary Fund, monetize it, and put it in the Social Security Trust Fund.

China Needs to Stop Playing Dirty on Clean Energy

James P. Hoffa | Posted 05.25.2011 | Green
James P. Hoffa

Millions of traditional American jobs have moved to China, and now China is thwarting our efforts to create new, renewable energy jobs to replace them.

When Government Fails: Grade F for Exchange Rates and Manufacturing

George T. Haley | Posted 05.25.2011 | Politics
George T. Haley

The social contract requires that the government provide the environment necessary for its citizens to achieve reasonable levels of Life, Liberty and Happiness. Right now, the American government is in breach of contract.

A Problem Shared Is a Problem Halved: The G-20's "Mutual Assessment Process"

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

We now know for sure that well-designed, collaborative policy actions by the G-20 economies can produce outcomes that will make everyone better off.

Toto, We're Not in Kansas Anymore: Exploring the Post-tornado Contours of the Financial System

Laura Kodres | Posted 05.25.2011 | Business
Laura Kodres

Just as a tornado in Kansas transplanted Dorothy and, her dog, Toto, from familiar comforts to the unknown land of Oz, the global crisis has led many ...

The Costs of Pakistan's Floods

Jayshree Bajoria | Posted 05.25.2011 | World
Jayshree Bajoria

The floods in Pakistan are sorely testing the government's capacity, and setbacks are likely in its efforts toward economic growth and development, fight against militancy, and the country's civil-military relations.

Greece: Same Tragedy, Different Scripts

Walden Bello | Posted 05.25.2011 | Politics
Walden Bello

Cafés are full in Athens, and droves of tourists still visit the Parthenon and go island-hopping in the fabled Aegean. But beneath the summery surface, there is confusion, anger and despair as this country plunges into its worst economic crisis in decades.

The Attack of the Real Black Helicopter Gang: The IMF Is Coming for Your Social Security

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The IMF told the US that it needs to start getting its budget deficit down. It put cutting Social Security at the top of the steps that the country should take to achieve deficit reduction. This one is more than a bit outrageous.

Europe Financial Defense Package: Agreement Reached On Massive Preemptive Bailout

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — A bold $1 trillion rescue by the European Union halted the slide of the euro on Monday and sent markets soaring worldwide in a gambit...

IMF Approves Greece Loan: Nearly $40 Billion Bailout

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The International Monetary Fund has put up nearly $40 billion to help bail out Greece and appease investors' fears of a spreading E...

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

The Dying "Save" the Dead: The Fallacy of the Eurozone Bailout of Greece

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

The European monetary union must bailout Greece, now threatened with national insolvency. The concept of moral hazard is confined to the trash heap of history, as it was disposed of in the U.S.

Can Europe Save Itself?

New York Times | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

When Jean-Claude Trichet (head of the European Central Bank) and Dominique Strauss-Kahn (head of the International Monetary Fund) rushed to Berlin thi...

Leonhardt: Financial Reform Needs a Bank Tax | DAVID LEONHARDT | Posted 05.25.2011 | Business

The financial regulation bill before the Senate has the potential to do a lot of good. But it also has at least one major flaw: it would not do enough...

Ten Commandments for Fiscal Adjustment in Advanced Economies

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

What advanced countries need is clarity of intent, an appropriate calibration of fiscal targets, and adequate structural reforms. With a little help from monetary policy, and from their (emerging market) friends.

Stone's Border Shows Fall of South America's Berlin Wall

Robert Naiman | Posted 05.25.2011 | World
Robert Naiman


Making the International Monetary Fund Accountable to Human Rights

Radhika Balakrishnan | Posted 05.25.2011 | World
Radhika Balakrishnan

Many of the policies required by the IMF -- in particular the conditionalities attached to loans -- imply that governments receiving IMF loans may have to violate their economic and social rights obligations.

IMF: Bank Bailouts Should Be Paid For By Banks

AP | HARRY DUNPHY | Posted 05.25.2011 | Business

WASHINGTON — The International Monetary Fund is recommending that banks and other financial institutions pay fees to cover the cost of any futur...

The Voodoo Economics of Meles Zenawi

Alemayehu G. Mariam | Posted 05.25.2011 | World
Alemayehu G. Mariam

Meles Zenawi's stated claims of multi-year runaway GDP growth taken at face value defy not only economic realities but also common sense.

Greece Saved For Now - Is Portugal Next?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Sunday's package should make it possible for Greece to borrow short-term but it takes courage to lend for 5 or 10 years to the Greeks unless there is much more fundamental change.

Double Dip Recession Is on the Global Economic Menu

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Double dip recession lies ahead, which will likely transform the global economic crisis into a full-blown synchronized depression.

Weekly Audit: Deficit Reduction = Selling Out to Wall Street

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger In the fall of 2008, decades of finance-first, bankers-know-best economic policies coalesced to create one of...

SDRs to Jump-Start a Green Fund: Still a Good Idea

Nancy Birdsall | Posted 05.25.2011 | Politics
Nancy Birdsall

Climate change politics are strange. That's the lesson I extract from what happened on March 4th in the IMF boardroom.